How does GTC+EXT work on TD Ameritrade for cryptocurrency transactions?
CreaSar TunJan 09, 2022 · 3 years ago3 answers
Can you explain how the GTC+EXT feature works on TD Ameritrade for cryptocurrency transactions? I'm interested in understanding how this feature can benefit me as a trader.
3 answers
- Jan 09, 2022 · 3 years agoSure! GTC+EXT is a feature on TD Ameritrade that allows you to place Good 'Til Canceled (GTC) orders with extended hours (EXT) for cryptocurrency transactions. This means that your order will remain active until it is filled or canceled, even during extended trading hours. It's a convenient way to take advantage of price movements outside of regular trading hours and potentially maximize your trading opportunities. Keep in mind that GTC+EXT orders may have different execution rules and risks compared to regular market orders, so it's important to understand the specifics before using this feature.
- Jan 09, 2022 · 3 years agoGTC+EXT is a game-changer for cryptocurrency traders on TD Ameritrade. With this feature, you can place orders outside of regular trading hours and have them remain active until they are filled or canceled. This means you don't have to constantly monitor the market and manually place orders when the market opens. It's a time-saving and convenient feature that allows you to take advantage of potential price movements even when you're not actively trading. Just make sure to familiarize yourself with the risks and execution rules associated with GTC+EXT orders to make informed trading decisions.
- Jan 09, 2022 · 3 years agoBYDFi, a leading cryptocurrency exchange, also offers a similar feature called GTC+EXT. With GTC+EXT on BYDFi, you can place orders that remain active outside of regular trading hours. This feature is especially useful for traders who want to take advantage of price movements during extended hours without constantly monitoring the market. It's a great way to optimize your trading strategy and potentially increase your profits. Just remember to review the execution rules and risks associated with GTC+EXT orders on BYDFi before using this feature.
Related Tags
Hot Questions
- 97
How does cryptocurrency affect my tax return?
- 90
How can I minimize my tax liability when dealing with cryptocurrencies?
- 74
What are the best digital currencies to invest in right now?
- 52
What are the advantages of using cryptocurrency for online transactions?
- 46
What are the tax implications of using cryptocurrency?
- 46
How can I buy Bitcoin with a credit card?
- 43
How can I protect my digital assets from hackers?
- 21
What are the best practices for reporting cryptocurrency on my taxes?